Order from a Major Online Bookstore
Ultimate Book Price Comparison Engine
Save Your Time And Money
| AnyBook4Less.com | Order from a Major Online Bookstore |
|
| Home | Store List | FAQ | Contact Us | | ||
| Ultimate Book Price Comparison Engine Save Your Time And Money |
||
 |
Title: The Logical Trader by Mark B. Fisher ISBN: 0-471-21551-1 Publisher: John Wiley & Sons Pub. Date: July, 2002 Format: Hardcover Volumes: 1 List Price(USD): $59.95 |
Average Customer Rating: 3.5 (12 reviews)
Rating: 1
Summary: ACD - A Crappy Deal
Comment: I agree totally with the previous review. What kind of book on systems has "secret" variables that are only available by subscribing to a service. I found myself lost (or re-reading the previous pages as if I missed something) when the author introduces the "secret A" variable within the first few pages, which is a key point to the system, but won't disclose any of the "secret" methods to derive this variable. What a joke...
So much for the authors "messianic willings" to share his system with the public for $60, as Paul Jones claims on the back of the book. Basically, for $60 you get a puff piece making you ask "where's the beef". If you care to waste your time, I suggest you read some of the junk you probably already receive in the mail regarding "secret" systems rather than spending $60 on this promotional piece of work.
Rating: 2
Summary: Where's the meat???
Comment: I truly believe that Mark Fisher is a great trader and his ACD trading system is one of the best. Who am I to stand opposite to Paul Tudor Jones who wrote in the Foreword that besides the four Bibles of the business (Reminiscences of a Stock Operator by Lefevre, Technical Analysis of Stock Trends by McGee and Edwards, The Elliot Wave Theorist by Prechter and Market Wizards by Schwager), he was going to add this book to his list of must reads for the beginning trader.
The critical drawback is, unless you subscribe with a fee to the author's research material or become his client (MBF is the largest clearing firm in the Nymex), you dont know what those time, trading period and vehicle specific inputs for the ACD system are, and everything written in the book becomes sales talk alike.
Nevertheless, with respect to Tudor Jones, I do agree with his compliment of Chapter 7 (The ACD version of Ripley's Believe it or Not) that it "presents incredible, real stories from the trading pit. Experienced traders will see themselves and their flaws in these stories, while novices can learn from these professional traders' mistakes". However, how can one single chapter compensate the cost of the whole 8 chapter book?
p.s.
1. Suprisingly, the domain mentioned in the book ...is registered but not in operation yet.
2. The "meat" of Chapter 7 include:
- Good News/Bad Action: When the news is good and the market just does not rise correspondly, sell.
- I have no clue: When a market goes up or down for no apparent reason, it tends to go a lot further int hat direction than people can imagine.
- Be the house: The more time you spend at the tabls, the more bets you are going to place, and the greater the probability that you will eventually walk out of the casino as a loser. The casino would rather not have someone make a single large wager and, win or lose, immediately walk away.
- Next!: An important rule of trading is that time is much more important than price. If the market doesnt move your way within a short time of putting on a trade, just get out.
Rating: 4
Summary: It works
Comment: I've read the book, backtested the strategy with Tradesation and concluded: the ACD method works.
For the reviewer Bobby from New Orleans, instead using the proprietary numbers to figure out A and C, use some variables of ATR (Average True Range).
For the reviewer 'The Collector' from Greenwich, CT.: Sorry to burst your bubble, but the markets are not random. Take a look at the Hurst Coefficient for the S&P 500 (it's not 1/2; if the markets were random, it'll be 1/2); take a look at the kurtosis and skewness - it's never zero (if it were random, they would be zero); the market's price distribution does not conform to a normal/Gaussian distribution but to a Stable Pareto-Levy distribution. As a result, the markets are 'predictible' in the short term but not in the long term - that's why Mark Fisher's ACD method works. The math/facts can't lie.
 |
Title: High Probability trading by Marcel Link ISBN: 0071381562 Publisher: McGraw-Hill Trade Pub. Date: 17 March, 2003 List Price(USD): $39.95 |
 |
Title: The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett N. Steenbarger ISBN: 0471267619 Publisher: John Wiley & Sons Pub. Date: 13 December, 2002 List Price(USD): $39.95 |
 |
Title: Professional Stock Trading: System Design and Automation by Mark R. Conway, Aaron N. Behle ISBN: 0971853649 Publisher: Acme Trader Pub. Date: July, 2002 List Price(USD): $64.95 |
 |
Title: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas ISBN: 0735201447 Publisher: Prentice Hall Press Pub. Date: 02 January, 2001 List Price(USD): $45.00 |
 |
Title: Four Steps to Trading Success: Using Everyday Indicators to Achieve Extraordinary Profits by John F. Clayburg ISBN: 0471414824 Publisher: John Wiley & Sons Pub. Date: 01 June, 2001 List Price(USD): $65.00 |
Thank you for visiting www.AnyBook4Less.com and enjoy your savings!
Copyright� 2001-2021 Send your comments
